INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of DFC Global Corp. Buyout Proposal
SMITHTOWN, NY, April 2, 2014:
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of DFC Global Corp. (“DFC”) (NASDAQ GS: DLLR) for possible breaches of fiduciary duties and other violations of law in connection with DFC’s agreement to be acquired by an affiliate of Lone Star Funds (“Lone Star”), in a transaction valued at approximately $1.3 billion.
Under the terms of the agreement, public shareholders of DFC will receive $9.50 per share in cash for each share of DFC they own.
The investigation concerns whether DFC’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to SDFC’s stockholders would be fair and adequate, and whether DFC is acting in its stockholders’ best interests.